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Business strategy
Business difference in developed countries
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[QUOTE="btaliat, post: 243335, member: 26390"] You have really said the problems faced by some local businesses. In fact, kudos should be given to those local business owners in some third world countries. I was astonished when Jack Dorsey sold his business to Elon at $44 billion. Meanwhile, I know a website in Nigeria years before Twitter but it has not worth$100 million. That's the power of country. Staging business in the first world countries is always a blessing. There is access to loan and even some governments helps. Most businesses in Nigeria, for instance, which have reached the top can never deny government excess love for them or being corrupt. For instance, allegedly, there is a man in Nigeria who's adjudged the richest man, people know he really enjoyed government patrimonialism. The epileptic nature of electricity in most African countries has really helped in contributing to the current nature of the local business. No business will survive if there is no constant access to light to run the business.t the cost of diesel and other fuels has even take away the profit. Another angle is that most people living in the first work are always comfortable and can afford whatever they want to buy unlike here where majority only borrow to buy luxury things. [/QUOTE]
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